Delaware License LawIntermediateDelaware Exam
What is the 'substantial misrepresentation' violation in Delaware real estate?
AAny inaccuracy in a property listing
BA significant false statement of material fact that influences a party's real estate decisionCorrect
CAn overstatement of a property's age
DAn advertisement that overstates a property's square footage by any amount
Why A significant false statement of material fact that influences a party's real estate decision Is Correct
Answer B: A significant false statement of material fact that influences a party's real estate decision
Substantial misrepresentation is a significant false statement of a material fact that influences a party's decision in a real estate transaction. It can result in Commission disciplinary action, civil liability, and potentially criminal fraud charges.
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